Omicron sub-variant BA. 5.2.1 cases have been detected in China and cities across China are continuing to contain related omicron and sub-variant cluster breakouts through epidemic control and prevention measures…
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Several cities across China have adopted epidemic control and prevention measures to contain the new variant of COVID-19 omicron. With employees quarantined for medical observation during such measures, employers should…
From March 2022, several cities in China have established citywide or block static management control (lockdown) to contain the new variant of COVID-19 virus – Omicron. Namely in Shanghai, the…
Changes to social security insurance policies have been issued to stabilise companies impacted by the recent COVID outbreaks. Namely the policies impact employment and support cash flow difficulties by reducing…
In the past weeks, Shanghai has conducted grid-screening lockdown to curb the spread of COVID-19. On the 27 March, the Shanghai municipal government announced the city will impose a staggered…
On Saturday, 16 April 2022, the Shanghai Commission of Economy and Informatization issued a guideline (‘Guideline’) for industrial enterprises to start the orderly resumption of work and production with controlled…
Small and micro businesses Corporate income tax The corporate income tax rate was reduced from 10 percent to 5 percent for small and micro-businesses. The tax rate is applied to…
The recent wave of COVID-19 in China has severely impacted many business operations. With area or city-wide lockdowns and confirmed cases rapidly increasing per day, businesses are facing cash-flow and…
